Understanding and Maximizing Bank Financing

Note: The Live Virtual course is presented in collaboration with CPA Western Provinces. The content is applicable to all participants. If you have questions regarding this course, please contact pdregistration@cpaalberta.ca.

Overview:

Banks and other lenders are a primary source of financing. However, there can be substantial frustration in understanding what lenders are looking for in order to advance the largest amount of funds at the lowest rates. In addition, lenders can also impose a variety of terms and conditions which can make managing the business more challenging. 
 
This course provides insight into the mindset of lenders, what they are looking for, and the different types of debt financing. It goes into detail behind different types of bank loans and what bankers look for prior to advancing funds. It provides creative techniques in terms of what you can present to the lender in order to give the lender enough confidence so that they can provide you with the greatest amount of funds at the lowest rate possible.

Course Content:

In this course you will gain knowledge about the following topics: 

• How banks work 
  
  • General bank lending practices 
  • Collateral and security 
  • Covenants – main types and rationale behind them 
  • Personal and corporate guarantees 
  • What happens when a loan goes bad? 
• Creative use of trade credit 
• Short term needs 
  
  • Lines of credit 
  • Margining 
  • Seasonal requirements 
  • Bridge loans 
• Long term needs 
  
  • Term loans 
• Other needs 
  
  • Asset-based financing (ABL)
  • Subordinate or mezzanine debt 
  • Acquisition financing 
  • Vendor take-backs 
• Other options when conventional lenders are not enough or when you need more financing

Who Will Benefit: 

This course will benefit professionals who know the basics of debt financing but want to know how to approach a banker successfully, identify the advantages and requirements for different types of bank loans and understand more of how lenders approach their decisions. It is particularly helpful to small and medium sized business owners and the financial professionals that support them.